Waterloo, IA Radio: Woodward To Sell Four Stations To NRG

Woodward Communications has announced its intention to sell four of its stations in Waterloo, IA to NRG Media LLC.

The deal is reported to be worth about $3.5M.

Subject to FCC approval, NRG would acquire Classic Hits KOKZ 105.1 FM Cool, Active Rock KFMW 107.9 FM Rock 108, N/T KZEL 1540 AM and Sports KWLO 1330 AM ESPN.

NRG Media CEO Mary Quass said, “We are delighted to have the opportunity to add the stations in Waterloo/Cedar Falls to our platform. We continue to look for great radio properties that are located in the Midwest and are an integral part of the communities they serve. NRG is pleased to be adding these strong stations to our company of great local radio stations.”

KOKZ 105.1 FM (100Kw) 60dBu

“WCI is pleased to be able to transition the Waterloo-Cedar Falls Radio Group to NRG, a well-known, community-oriented radio broadcast company with a great Midwestern culture and presence”, said WCI President/CEO Tom Woodward. “Our strategic plans and related growth goals positioned the sale of the Waterloo properties and we salute the loyal, talented and dedicated staff we were fortunate to work with. We will continue to operate, grow and enhance our award-winning, seven station radio group in the Appleton/Green Bay, Wisconsin markets which we’ve owned since the late 70′s.”